The cryptocurrency market is showcasing positive trends attributable to reduced geopolitical tensions and significant ETF inflows. Bitcoin, in particular, is gaining traction among institutional and retail investors.
ETF Inflow Trends
Bitcoin has seen significant growth due to recent inflows into ETFs. BlackRock's IBIT has emerged as the clear leader with $1.23 billion raised. Other funds, such as Bitwise's BITB and Grayscale's Bitcoin Mini Trust, also reported positive inflow results of $29.85 million and $14.93 million, respectively.
Bitcoin's Illiquid Supply Growth
Bitcoin's illiquid supply has reached 14.37 million BTC, reflecting an increase of 470,000 BTC year-to-date. Over 72% of circulating Bitcoin is now effectively off-market, held by long-term investors. Record accumulation has been established as 'whales' and 'sharks' added 83,000 BTC in the past month.
Market Outlook
The ongoing accumulation and high interest from institutional investors are creating a sustained positive atmosphere in the Bitcoin market. With increasing illiquid supply and the upcoming halving in 2028, a supply 'squeeze' may trigger price growth.
Current trends in Bitcoin's market reflect investor confidence and diminishing speculative pressure. Increased illiquid supply and ETF inflows lay the groundwork for potential price increases in the coming months.
